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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: mike cobble who wrote (11231)	7/18/2000 2:36:37 PM
From: mike cobble	Respond to of 13565

Roberston Stephens initiated coverage on ATML today with a buy. 6-12 month price target $53.

To: mike cobble who wrote (11231)	7/18/2000 3:06:48 PM
From: David Perfette	Read Replies (2) \| Respond to of 13565

ATML is fairly valued around 40 with a fair pe in this range at todays market value and future value with expected and current earnings if you crunch the numbers. Unless there's something extraordinary with atml, I can't see how the current price can be considered fair value. They have beaten estimates 6 of last 8 qtrs, often handily. They are experiencing very strong earnings growth, expected eps is $1.00 for cy, and a $1.50 for next year, which gives atml a pe of 40 for cy, and 26 for next year. Relative to their growth rate and the sector as a whole, they look pretty damn cheap to me. JMHO -David P.